Accounting Supervisor
Reporting Line:
Reports to the Financial Manager or Head of Finance Department
Job Location:
Hotel Management Company Five-Star Hotel
Job Purpose:
To supervise daily accounting operations accurately and efficiently within the hotel, ensuring compliance with approved accounting standards and financial policies, supporting sound financial decision-making, and enhancing the hotel's financial performance.
Duties and Responsibilities:
1. Supervision of Daily Accounting Operations:
- Review and audit daily journal entries and accounting transactions (revenues, expenses, assets, liabilities).
- Ensure all financial transactions are recorded in accordance with approved accounting standards (IFRS or equivalent).
- Verify the completeness and accuracy of financial documents prior to posting.
2. Financial Reporting:
- Prepare periodic reports (daily, weekly, monthly) related to revenues, cash flows, expenses, and budgets.
- Assist in the preparation of monthly and annual financial statements in coordination with the General Accountant and Financial Manager.
- Analyze variances between actual results and budgeted figures and submit recommendations.
3. Accounts Payable and Receivable:
- Supervise the reconciliation of vendor and customer accounts and ensure accuracy of balances.
- Monitor collections and payments and ensure adherence to payment and collection schedules.
- Review bank statements and perform monthly bank reconciliations.
4. Financial Compliance and Internal Control:
- Ensure compliance with approved financial policies and procedures of the company and the hotel.
- Implement internal control systems over financial and cash operations.
- Cooperate with internal and external auditors during periodic audit processes.
5. Supervision of the Accounting Team:
- Guide, train, and supervise the accounting team and distribute daily tasks to ensure efficiency and accuracy.
- Review accountants work and ensure compliance with deadlines and quality standards.
- Contribute to the development of accounting procedures and improvement of operational efficiency.
6. Coordination with Other Departments:
- Coordinate with Finance, Purchasing, Sales, Stores/Warehousing, and General Management to ensure financial data integration.
- Provide financial and accounting support to other departments as needed.
Required Qualifications and Experience:
- Bachelor's degree in Accounting or Finance.
- Minimum of 5 years of accounting experience, including at least 2 years in a supervisory accounting role within a hotel or hospitality environment.
- Good knowledge of accounting systems (preferably Oracle, SAP, or hotel systems such as Fidelio/Opera).
- Proficiency in Microsoft Excel and financial data analysis.
- Good knowledge of International Financial Reporting Standards (IFRS) and local tax regulations.
